ROFR Thread January to March 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[DduzDis]

I got a call letting us know that we need to sign an addendum to correct a contract # mistake so at least we know someone is looking at it.

 

[Lorilais_mommie]

Said I would wait until I heard to post details but figure it makes no difference.

Carli_h---$137-$29436-200-BLT-Dec-200/18, 200/19, 200/20- sent 1/16

Is it normal for Disney to be so quiet? I’ve been watching the deeds as they’re posted and there’s very few that have passed ROFR sub $140 at BLT.

In the frenzy leading up to Jan 19th BLT resale jumped a good $5-$6 per point.. We offered $140 thinking It would be enough
VGF even higher at $10-$15. I'm really hoping both come back down..
Only time will tell what Disney up to.
With the amount of contracts they received lead up to Jan 19th, I think some good deals will squeak through bc Disney can possibly buy all of them.

 

[JereMary]

Has anyone at all heard this week?

Nothing. Ugh.

 

[carli_h]

In the frenzy leading up to Jan 19th BLT resale jumped a good $5-$6 per point.. We offered $140 thinking It would be enough
VGF even higher at $10-$15. I'm really hoping both come back down..
Only time will tell what Disney up to.
With the amount of contracts they received lead up to Jan 19th, I think some good deals will squeak through bc Disney can possibly buy all of them.

It’s so stressful. I’ll be glad when I know either way.

I would be feeling pretty confident at $140.

 

[TheEnchantedRose]

Said I would wait until I heard to post details but figure it makes no difference.

Carli_h---$137-$29436-200-BLT-Dec-200/18, 200/19, 200/20- sent 1/16

Is it normal for Disney to be so quiet? I’ve been watching the deeds as they’re posted and there’s very few that have passed ROFR sub $140 at BLT.

What do you mean when you say watching the deeds? Where are you looking?

 

[Lorilais_mommie]

It’s so stressful. I’ll be glad when I know either way.

I would be feeling pretty confident at $140.

if it wasn't front loaded I would be.. it has fully banked 2017, and 2018. so not I'm not sure now.

 

[minorthr]

We are at 23 days on 25 point contract.

 

[ScubaCat]

We are at 23 days on 25 point contract.

That's almost one day per point!

I kid.

 

[carli_h]

What do you mean when you say watching the deeds? Where are you looking?

Go to the or occompt website (I haven’t got enough posts to add the link).

Go to document search, enter a date range then uncheck the box on the right and select ‘deed’ from the drop down.

On the ‘advanced’ tab enter the resort name in the legal remarks box so for BLT I enter ‘Disneys contemporary’.

You’ll see all the deeds for the sales that have closed for the period selected once all the paperwork has been completed.

Where there’s no sale price you can calculate the cost by dividing the tax by .7%

It’s slightly trickier if there is no home points on the deed. You can dig a little but I found out BLT has 3 difference unit sizes and I just multiplied the % ownership by the unit size to work out how many home points the deed is for.

Yes I know, I’ve become a little obsessed in trying to work out what Disney waive ROFR on.

 

[Lorilais_mommie]

Go to the or occompt website (I haven’t got enough posts to add the link).

Go to document search, enter a date range then uncheck the box on the right and select ‘deed’ from the drop down.

On the ‘advanced’ tab enter the resort name in the legal remarks box so for BLT I enter ‘Disneys contemporary’.

You’ll see all the deeds for the sales that have closed for the period selected once all the paperwork has been completed.

Where there’s no sale price you can calculate the cost by dividing the tax by .7%

It’s slightly trickier if there is no home points on the deed. You can dig a little but I found out BLT has 3 difference unit sizes and I just multiplied the % ownership by the unit size to work out how many home points the deed is for.

Yes I know, I’ve become a little obsessed in trying to work out what Disney waive ROFR on.

anything that help passes the time...
I would be very interested if any BLT go for under $140..

 

[Lumpy1106]

OK, I'll play. So the first BLT deed I found was dated 1/2/19 and had Deed Doc Tax = $175. Dividing by 0.007 = $25000. How are you calculating $/point?

 

[crvetter]

OK, I'll play. So the first BLT deed I found was dated 1/2/19 and had Deed Doc Tax = $175. Dividing by 0.007 = $25000. How are you calculating $/point?

You can go find the original deed which will say how many points it was? Just a thought.

 

[Lumpy1106]

You can go find the original deed which will say how many points it was? Just a thought.

Some of them have links to the contract showing the number of points, others do not - just a link to the document showing total price paid.
WARNING: This IS the rabbit hole! Really interesting though - did not know, but probably should have guessed that all of this info was so readily available. I wonder if there is an easy way to determine which deeds are the ones claimed by ROFR?

 

[carli_h]

OK, I'll play. So the first BLT deed I found was dated 1/2/19 and had Deed Doc Tax = $175. Dividing by 0.007 = $25000. How are you calculating $/point?

Just dividing the sale price by the number of points on the deed. Or if I don’t know the points I would work it out.

BLT has 3 different total unit points 19640, 34975 and 39280.

So I would multiply the % of unit ownership on the deed by the total points in the unit usually 19640. If the figure doesn’t make sense I will try the others.

For example if the unit ownership is 0.8147% you would calculate:
.008147 * 19640 which would tell you the contract is for 160 points.

Let me know if this doesn’t make sense.

 

[carli_h]

Some of them have links to the contract showing the number of points, others do not - just a link to the document showing total price paid.
WARNING: This IS the rabbit hole! Really interesting though - did not know, but probably should have guessed that all of this info was so readily available. I wonder if there is an easy way to determine which deeds are the ones claimed by ROFR?

I don’t think so as they don’t show banked points. You can occasionally guess from the legal notes.

Unless you were prepared to go through all the deeds and do a statistical analysis it’s unlikely you’d know. It is pretty inconsistent, but gives you a ball park at what is waived and what is taken.

 

[TheEnchantedRose]

Go to the or occompt website (I haven’t got enough posts to add the link).

Go to document search, enter a date range then uncheck the box on the right and select ‘deed’ from the drop down.

On the ‘advanced’ tab enter the resort name in the legal remarks box so for BLT I enter ‘Disneys contemporary’.

You’ll see all the deeds for the sales that have closed for the period selected once all the paperwork has been completed.

Where there’s no sale price you can calculate the cost by dividing the tax by .7%

It’s slightly trickier if there is no home points on the deed. You can dig a little but I found out BLT has 3 difference unit sizes and I just multiplied the % ownership by the unit size to work out how many home points the deed is for.

Yes I know, I’ve become a little obsessed in trying to work out what Disney waive ROFR on.

Thank you! Now I can pass the time in other ways.

 

[Lumpy1106]

There's other things going on too like transferring the deed to surviving heirs - the $/point is much smaller for those of course. Meh - I think I'll go back to just waiting for an e-mail from my broker - thanks!

 

[meekey7197]

Some of them have links to the contract showing the number of points, others do not - just a link to the document showing total price paid.
WARNING: This IS the rabbit hole! Really interesting though - did not know, but probably should have guessed that all of this info was so readily available. I wonder if there is an easy way to determine which deeds are the ones claimed by ROFR?

Hmmm... can you search for Disney as the buyer

 

[crvetter]

Hmmm... can you search for Disney as the buyer

Yes you can. You will see the foreclosure deeds and ROFR deeds in there.

 

[meekey7197]

Yes you can. You will see the foreclosure deeds and ROFR deeds in there.

I figured out how to find ROFR docs but all of the ones I found recorded in January were dates May and June LOL I guess those don't have to be filed in a timely manner?